Which of following is a recurrent expenditure in public s...
Which of following is a recurrent expenditure in public sector accounting?
Purchase of vehicles
Purchase of drugs
Construction of bore holes
Construction of buildings
Correct answer is B
Recurrent expenditure on goods and services is expenditure, which does not result in the creation or acquisition of fixed assets (new or second-hand). It consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation).
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\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
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Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
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